Government will not combat ‘vulture funds’

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STOP SALES: Of social housing.

THE National Government is concerned about social housing being sold to ‘vulture funds’ but considers the issue to fall under the jurisdiction of the autonomous communities.

During a Senate meeting, Maria Pilar Garrido Gutierrez, the senator from the parliamentary group Unidos Podem-En Comu Podem-En Marea grilled Minister of Development Iñigo de la Serna on the subject. She asked the minister what measures the National Government plans to implement to stop investment funds or profit-seeking entities from snapping up social housing and using it for their own personal gains. 

De la Serna pointed out that matters relating to real estate fall under the umbrella of the autonomous communities and that “the National Government respects the current legislation.”

According to De la Serna, the National Government can only approve property-related plans once they are run through the regional governments. Representatives from the Ministry of Development are scheduled to meet with representatives from the autonomous communities on Thursday December 15 to discuss the potential direction of future property plans. 

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